Phoenix Share Discussion Threads

[panshanger1] 26/6/2024 08:19

Hope this is not a miss step Sun life is a very strong brand and as has been said only purchased 2 years ago It was going to take 24 months to integrate it !

[cyberbub] 26/6/2024 08:12

Good news on the sale - could help with deleveraging?

[tuftymatt] 26/6/2024 08:07

Yeah a shocking delay to make this public knowledge as clearly it was leaked on Friday. The news is all in the price now so those that knew will maybe cash out creating a drift??

Good luck all 👍🏻

[gbh2] 26/6/2024 07:59

As I wrote last week, PI's are always the last to know, however three days is an exceptional delay and totally unacceptable imo.

[adejuk] 26/6/2024 07:52

£45mill ebitda

[takemetooz] 26/6/2024 07:52

Yep for £248 mil and only 2 years ago? also at that time increased the divi? why sell so so quick?

[epicsurf] 26/6/2024 07:47

It was originally bought for 248 million,

[jubberjim] 26/6/2024 07:44

How much is it worth ?

Well will be a lot less than what we imagine and hoping for

As I said not getting involved now until after elections here and elsewhere

Will leave bids in vain hopes otherwise finished for summer

Good luck everyone

[this_is_me] 26/6/2024 07:35

Which came first: the strategic review or expressions of interest from third parties?

[burbelly] 26/6/2024 07:23

Do we get a free pen?

[monet] 26/6/2024 07:23

FSA look into thi. O
bviously they was a leak last week.

[burbelly] 26/6/2024 07:22

How much is it worth?

[suetballs] 26/6/2024 07:22

Any idea of value of SunLife?
Suet

[cfro] 26/6/2024 07:19

I wonder who will buy Sun Life. Might suit L&G perhaps.

[2theduke] 26/6/2024 07:18

The U.K. market is completely broken for insider trading , remember stx ? You have to assume insider trading in trends I think for the U.K. zero regulator oversight

[justiceforthemany] 26/6/2024 07:09

How rogue is the market? Short sellers have first hand knowledge of major news.

[garycook] 26/6/2024 07:03

Phoenix Group to explore the sale of SunLife



The Board of Phoenix Group Holdings plc ("Phoenix Group" or "the Group") is today announcing its intention to explore a potential sale of its SunLife Limited ("SunLife") business.

SunLife is a leading provider of financial protection products direct to the over 50s market in the UK and reported profit after tax of £16 million in 2023.

Following a strategic review, the Group has concluded that this business is no longer core to the delivery of its vision of becoming the UK's leading retirement savings and income business. The Board has therefore decided to begin a sale process, having received a number of initial expressions of interest from third parties. However, there can be no certainty at this stage that a disposal will occur.

A further announcement will be made in due course as appropriate.

[scobak] 25/6/2024 19:03

I blame Humpty Dumpty.

[netcurtains] 25/6/2024 13:32

Yeah, BT had a big fall. No idea why... So I took opportunity to top up...
(I think it was a rash of profit taking at around 1.40 but I think its going to "eventually" push on to 2.00.... (touchwood)

[mister md] 25/6/2024 13:23

Interesting to see PHNX holding on to the gains, especially given stock market & financials down today ...

[mister md] 25/6/2024 08:24

Thanks biddy & Skinny!

I see it's updated on the shorttracker link I posted too now.